Money Purchase · DOL Form 5500 · 2023
Pipefitters Local Union No.537 Money Purchase Plan
Data updated 2026-08-25
- $739M
- Total assets Above avg plan size
- 3,231
- Participants Above avg headcount
- 98th
- Percentile by assets National rank
- $228,662
- Avg per participant Above avg balance/head
Official DOL plan name: Pipefitters Local Union No. 537 Deferred Income Annuity Fund Individual Account Plan · Sponsored by Pipefitters Local Union No.537 · Massachusetts · Construction
$739M in assets, 3,231 participants
Pipefitters Local Union No.537's Pipefitters Local Union No. 537 Deferred Income Annuity Fund Individual Account Plan reported $739M in total assets and 3,231 participants in its 2023 DOL Form 5500 filing, ranking in the 98th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- #8,870 in Construction (9,030 peers)
Coverage in Massachusetts
Pipefitters Local Union No. 537 Deferred Income Annuity Fund Individual Account Plan covers 3,231 participants in Massachusetts, 4.9x the typical Massachusetts plan (state average ~659 per filing). Assets: $739M.
- #8,870
- in Construction (9,030 peers)
- +11.7%
- assets growth YoY
- 7.4×
- vs typical plan assets (national mean)
Pipefitters Local Union No. 537 Deferred Income Annuity Fund Individual Account Plan's outsized position by total assets
Pipefitters Local Union No. 537 Deferred Income Annuity Fund Individual Account Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$738,806,728 Top 2% higher than 98% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Pipefitters Local Union No. 537 Deferred Income Annuity Fund Individual Account Plan's large-plan peer group by participant headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Pipefitters Local Union No. 537 Deferred Income Annuity Fund Individual Account Plan lands in the large band (3,231 participants).
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Pipefitters Local Union No. 537 Deferred Income Annuity Fund Individual Account Plan reported net income rose from -$12M in the plan year 2022 filing to $70M in the plan year 2023 filing.
- Pipefitters Local Union No. 537 Deferred Income Annuity Fund Individual Account Plan end-of-year assets rose from $662M in the plan year 2022 filing to $739M in the plan year 2023 filing.
- Pipefitters Local Union No. 537 Deferred Income Annuity Fund Individual Account Plan reported participants rose from 3,123 in the plan year 2022 filing to 3,231 in the plan year 2023 filing.
DOL schedule card
Filing strip 042760802 · Pipefitters Local Union No.537 PY 2023 · Money Purchase
Pipefitters Local Union No. 537 Deferred Income Annuity Fund Individual Account Plan · $739M · 3,231 · 98th
- RANK $739M
- RANK 3,231
- RANK 98th
- RANK Money Purchase
- RANK near New England Electrical Workers Money Purchase Plan and Trust
- RANK ind #8870
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Construction retirement plans → · Plans in Massachusetts →
Pipefitters Local Union No. 537 Deferred Income Annuity Fund Individual Account Plan in the asset neighbourhood
Massachusetts filing particulars
| Total Assets (Beginning of Year) | $662M |
|---|---|
| Net Assets (End of Year) | $726M |
| Net Income | $70M |
| Employer EIN | 042760802 |
| Plan Effective Date | 1981-09-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Pipefitters Local Union No.537)
Sponsor-wide plan assets over time
All Pipefitters Local Union No.537 plans reported in each filing year
- Latest sponsor-wide plan assets
- $785M 18.570833039144823% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 3,123 | $662M |
| 2023 | 1 | 3,231 | $739M |
| 2024 | 1 | 3,331 | $785M |
Nearby Money Purchase Plans in Massachusetts
Peer Money Purchase plans, same state, same plan type, ranked by total assets.
- The Mitre Corporation Qualified Retirement Plan $2.6B · 12,551
- Retirement Income Plan for Teaching Faculty of Harvard University $2.2B · 2,687
- Massachusetts Laborers' Annuity Fund $2.2B · 11,709
- Harvard University Defined Contribution Retirement Plan $1.8B · 13,259
- Electrical Workers Deferred Income Plan Local 103, I.B.E.W. $1.6B · 8,337
Pipefitters Local Union No. 537 Deferred Income Annuity Fund Individual Account Plan's out-of-state Money Purchase peers by assets and headcount
Outside Massachusetts, the nearest Money Purchase by assets is New England Electrical Workers Money Purchase Plan and Trust in CT ($746M); by covered participants it is Plumbers & Pipefitters Lu 286 Money Purchase Plan in NM (3,203 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($739M here).
- New England Electrical Workers Money Purchase Plan and Trust (CT) $746M · 8,403
- Retirement Plan for Employees of Fermi Research Alliance, LLC (IL) $751M · 1,685
- Saint Louis University Retirement Plan (MO) $709M · 2,863
- Local 580 Annuity Fund (NY) $703M · 3,222
Similar participant headcount
Nearest other-state filings by covered participants (3,231 participants); asset peers above are excluded.
- Plumbers & Pipefitters Lu 286 Money Purchase Plan (NM) 3,203 · 28 off
- IBEW Local Union No. 22/NECA Defined Contribution Pension Fund, Plan B (NE) 3,181 · 50 off
- Educational Testing Service 401(a) Retirement Plan (NJ) 3,310 · 79 off
- St. Paul Electrical Construction Workers Supplemental Pension Plan (MN) 3,139 · 92 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.